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Sociedad Media Now: Chevron Moves In On Venezuela, Trump vs. U.K. On Falklands, Raúl Castro Reportedly In Critical Condition

Chevron nears major Venezuela oil pivot, a Falklands comment aimed at Britain sends Milei to urgent cabinet meeting, and unconfirmed reports swirl over Raúl Castro’s health amid paused U.S.-Cuba talks

Sociedad Media Now: Chevron Moves In On Venezuela, Trump vs. U.K. On Falklands, Raúl Castro Reportedly In Critical Condition
Credit: Matias Delacroix/AP

Our Tuesday Sociedad Media Now daily newsletter on three more stories with implications on U.S.-LATAM relations.

U.S. — Latin America

VENEZUELA

U.S. President Donald Trump by Samuel Corum/Getty Images. Edited by Sociedad Media

Chevron Moves In On Trump’s “Biggest Oil Deal in World History” With Venezuela

Chevron is nearing a deal to fold its Venezuelan operations into Trump’s new 65-billion-barrel oil framework, marking a major shift from the smaller independents that had previously been the only companies willing to sign new Venezuelan contracts amid $170 billion in unresolved legacy claims.

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U.S. — Latin America

AMERICAS

U.S. President Donald Trump in the Oval Office of the White House, Monday, August 31, 2026/AFP

Trump’s Remarks On Falklands Send Argentina’s Milei To Cabinet Meeting Over “Sacred” Topic

BUENOS AIRES — Trump’s noncommittal comment that he’s “reviewing” the U.S. position on the Falkland Islands — actually tied to Pentagon pressure on Britain over NATO defense spending, not any new engagement with Argentina’s sovereignty claim — was enough to send Javier Milei straight to his cabinet table, calling it “something very strong” for “the most important and sacred cause we Argentines have.”

Britain quickly reaffirmed its position, pointing to the islanders’ own 2013 referendum, in which 99.8% chose to remain British, leaving the practical significance of Trump’s remark limited for now even as it dominated headlines in Buenos Aires.

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U.S. — Latin America

CUBA

Cuban First Secretary of Communist Party Raúl Castro gives a speech, on January 1, 2019, during the celebration of 60th Anniversary of Cuban Revolution in Santiago de Cuba. Credit: Yamil Lage/Pool via Reuters

Raúl Castro Reported Gravely Ill as Rumors Swirl Amid Stalled U.S.-Cuba Negotiation

HAVANA — Diario Las Américas reports Raúl Castro, 95, may have suffered a stroke and remains critical, intensifying unconfirmed rumors of his death — a familiar pattern for the Cuban leader — amid an active but currently paused U.S.-Cuba negotiation that neither government has officially linked to his reported health status.

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U.S. — Latin America
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